Core Insights - The low-altitude economy is rapidly developing, driven by technological advancements and the demand for efficient transportation, encompassing areas such as low-altitude tourism, aviation sports, emergency rescue, and agricultural protection [1][3] - The AE200-100 is China's first passenger-carrying tilt-rotor eVTOL, marking a significant milestone in the country's low-altitude economy and urban air mobility [1] - The first unit of the AE200-100 was officially launched on September 29 in Chengdu, indicating a new phase in the development of large passenger eVTOLs in China [1] - Hangcai Co., Ltd. (航材股份) is the core supplier for the AE200-100, having designed and developed the entire transparent components of the aircraft, which are crucial for its optical performance, structural strength, and safety [3] - The AE200 has secured 1,000 commercial orders, representing a significant achievement for the company in the low-altitude market [3]